FINRA released results of the National Financial Capability Study in July, a report that provides comprehensive findings of financial behavior in the United States. The survey is part of an ongoing, multi-year effort with consultation from the U.S. Department of Treasury, to better understand the key indicators of financial capability and evaluate how they differ based on varying population demographics and characteristics.
The 2015 study was able to compare changes that occurred in financial capability over a six-year period, both at state and national levels. This window into the financial behaviors of individuals and families in the U.S. was met with great interest and resulted in a surge of media attention for the Center for Financial Security, as an entity that is deeply engaged and aware of the challenges, changes, and complications that U.S. families face in navigating personal finances.